Which of the following is NOT a GST rate slab in India?

Correct option is C

The correct answer is (c) 10%.
· In India, the GST (Goods and Services Tax) rate slabs are 5%, 12%, 18%, and 28%.
· These rates were introduced to simplify the tax structure and categorize goods and services under different rates based on necessity and luxury.
· There is no 10% rate slab under the GST system in India.
Information Booster:
· 5% is generally applied to essential goods and services.
· 12% and 18% are applied to standard goods and services, covering most products.
· 28% is primarily for luxury items and demerit goods like automobiles and tobacco products.
· GST aims to unify indirect taxes, simplifying compliance for businesses and reducing the cascading effect of multiple taxes on goods and services in India.